Class Actions

Home » Resolved Cases » CIBC Asset Management: Unit holders of the Atlas American RSP Index Fund (subsequently known as the Merrill Lynch U.S. RSP Index Fund, then known as the Renaissance U.S. RSP Index Fund and thereafter known as the Renaissance U.S. Index Fund)

CIBC Asset Management: Unit holders of the Atlas American RSP Index Fund (subsequently known as the Merrill Lynch U.S. RSP Index Fund, then known as the Renaissance U.S. RSP Index Fund and thereafter known as the Renaissance U.S. Index Fund)

Kugler Kandestin instituted a class action on behalf of investors of a mutual fund who sustained investment losses as a result of the fund administrator introducing the risk of currency fluctuations, and thereby materially changing the nature of the investment.

The Québec Superior Court approved a settlement of the case, pursuant to which Kugler Kandestin’s clients recovered $20 million.

If you have any questions with respect to this case, please contact Robert Kugler.